Civic Intelligence

Ntra Charities Inc.

990 • Fiscal year 2016 • EIN 31-1695785

Feb 01, 2015 to Jan 31, 2016 • Filed on Sep 06, 2016

Organization ProfileWWW.NTRA.COM
2525 Harrodsburg Road No 510Lexington, KY 40504

(859) 245-6872

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.14x

Higher debt load relative to assets than 80% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

4.05x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

96th percentile

74%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

100th percentile

$480,715

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 9325.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

53rd percentile

3.5%

Faster asset growth than 53% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-9.0%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$144,242

Up $4,895 (+3.5%) from 2015

Net Assets

Up

$123,380

Up $3,809 (+3.2%) from 2015

Liabilities

Up

$20,862

Up $1,086 (+5.5%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin96th percentile

Revenue

Down

$5,155

Down $509 (-9.0%) from 2015

Expenses

Down

$1,346

Down $3,697 (-73%) from 2015

Net Income

Up

$3,809

Up $3,188 (+513%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2015: $139,347Liabilities 2015: $19,776Net Assets 2015: $119,5712015Assets 2016: $144,242Liabilities 2016: $20,862Net Assets 2016: $123,3802016Assets 2018: $88,958Liabilities 2018: $8,717Net Assets 2018: $80,2412018Assets 2019: $87,859Liabilities 2019: $8,717Net Assets 2019: $79,1422019Assets 2020: $535Liabilities 2020: $173Net Assets 2020: $3622020Assets 2021: $535Liabilities 2021: $173Net Assets 2021: $3622021Assets 2022: $1,074Liabilities 2022: $290Net Assets 2022: $7842022Assets 2025: $155,325Liabilities 2025: $10,000Net Assets 2025: $145,3252025

Highlighted filing

2016

Assets$144,242
Liabilities$20,862
Net Assets$123,380
Open 2016 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50K-$100KRevenue 2015: $5,664Expenses 2015: $5,043Net Income 2015: $6212015Revenue 2016: $5,155Expenses 2016: $1,346Net Income 2016: $3,8092016Revenue 2018: $50Expenses 2018: $36,164Net Income 2018: -$36,1142018Revenue 2019: $51Expenses 2019: $1,150Net Income 2019: -$1,0992019Revenue 2020: $0Expenses 2020: $78,780Net Income 2020: -$78,7802020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $540Expenses 2022: $118Net Income 2022: $4222022Revenue 2025: $33,048Expenses 2025: $114,382Net Income 2025: -$81,3342025

Highlighted filing

2016

Revenue$5,155
Expenses$1,346
Net Income$3,809
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Feb 1, 2015 to Jan 31, 2016
Signed
Sep 6, 2016
Return Version
2015v2.1
Gross Receipts
$5,155
Mission and Program Overview

Mission

To promote, build awareness for, and support charities in or related to the thoroughbred industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,347$144,242▲ $4,895
Total Assets$139,347$144,242▲ $4,895
Liabilities
Other Liabilities$11,232$11,232→ $0
Accounts Payable and Accrued Expenses$8,544$9,630▲ $1,086
Total Liabilities$19,776$20,862▲ $1,086
Net Assets / Fund Balance
Unrestricted Net Assets$119,571$123,380▲ $3,809
Temporarily Rstr Net Assets-$0-
Total Net Assets Fund Balance$119,571$123,380▲ $3,809
Total Liabilities and Net Assets / Fund Balance$139,347$144,242▲ $4,895
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleOtherTotal
Amber FlorenceTreasurer$139,359$139,359

Board Members and Trustees

NameTitle
Alex M Waldrop JrPresident
Alan M ForemanDirector
Bill ThomasonDirector
Chris KayDirector
Craig DadoDirector
Craig FravelDirector
Dennis DrazinDirector
Judy WagnerDirector
Mike RogersDirector
Nick CoukosDirector
Reynolds Bell JrDirector
Robert N ClayDirector
Scott WellsDirector
Robert WattSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,155
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5,155
Change in Net Assets
$3,809
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,000
Other Expenses$346
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,000--$1,000
Other Expenses-$346-$346
Total Functional Expenses$1,000$346$0$1,346
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$11,232
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“The finance committee of the board of directors reviews and approves the form 990”

Form 990, Part VI, Section B, line 12C

“CFO monitors conflict of interest policy by reviewing most checks, reviewing the general ledger, reading all contracts and sending out the annual disclosure conflict of interest policy to the board. Any conflicts of interest are taken to the board for resolution.”

Form 990, Part VI, Section B, line 15

“The finance committee and the board of directors of the National Thoroughbred Racing Association review and approve the salary, bonuses, etc., provided in the CEO's contract and the finance committee reviews and approves salary increases and bonuses via approval of the annual budget.”

Form 990, Part VI, Section C, line 19

“Governing documents and conflicts of interest policy available to the public upon request. Financial statements available to the public upon request and via website.”

Filing and Contact Details

Filer

Filer Name
NTRA Charities Inc
EIN
31-1695785
Phone
8592456872
Address
2525 Harrodsburg Road No 510, Lexington, KY 40504

Signing Officer

Name
Amber Florence
Title
Treasurer
Phone
8592456872
Signed
2016-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amber Florence
Formed
1999
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Strothman & Company PSC
Address
325 W Main St Suite 1600, Louisville, KY 40202-4251
Preparer
William G Meyer III
Phone
5025851600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The method has not changed from prior year. The Finance Committee of the National Thoroughbred Racing Association is responsible for oversight of the audit and selection of the independent auditor.”

Financial Statement Notes

Part X, Line 2:

“Accounting standards prescribe a comprehensive model for how an entity should measure, recognize, present, and disclose in its financial statements uncertain tax positions that the Association has taken or expects to take on a tax return. The Association recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. It is the Association's policy to expense any interest and penalties associated with uncertain income tax positions in the year that the tax position is taken on the tax return. Interest is reported as interest expense and penalties are reported as other expenses”

Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011232
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Related Party
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting standards prescribe a comprehensive model for how an entity should measure, recognize, present, and disclose in its financial statements uncertain tax positions that the Association has taken or expects to take on a tax return. The Association recognizes the tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. It is the Association's policy to expense any interest and penalties associated with uncertain income tax positions in the year that the tax position is taken on the tax return. Interest is reported as interest expense and penalties are reported as other expenses
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt011232
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0410490
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt048000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt022225
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Alex M Waldrop Jr
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0480715
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The finance committee of the board of directors reviews and approves the form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CFO monitors conflict of interest policy by reviewing most checks, reviewing the general ledger, reading all contracts and sending out the annual disclosure conflict of interest policy to the board. Any conflicts of interest are taken to the board for resolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The finance committee and the board of directors of the National Thoroughbred Racing Association review and approve the salary, bonuses, etc., provided in the CEO's contract and the finance committee reviews and approves salary increases and bonuses via approval of the annual budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents and conflicts of interest policy available to the public upon request. Financial statements available to the public upon request and via website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The method has not changed from prior year. The Finance Committee of the National Thoroughbred Racing Association is responsible for oversight of the audit and selection of the independent auditor.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0National Thoroughbred Racing Association Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133985050
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 (c)6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To promote and improve thoroughbred horseracing.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02525 Harrodsburg Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Lexington
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd040504
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0139347
IRS990/TotalAssetsEOYAmt0144242
IRS990/TotalAssetsGrp/BOYAmt0139347
IRS990/TotalAssetsGrp/EOYAmt0144242
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt05155
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0346
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01000
IRS990/TotalFunctionalExpensesGrp/TotalAmt01346
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019776
IRS990/TotalLiabilitiesEOYAmt020862
IRS990/TotalLiabilitiesGrp/BOYAmt019776
IRS990/TotalLiabilitiesGrp/EOYAmt020862
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0119571
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0123380
IRS990/TotalOtherCompensationAmt085999
IRS990/TotalProgramServiceExpensesAmt01000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05155
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0139347
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0144242
IRS990/TotReportableCompRltdOrgAmt0534075
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0119571
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0123380
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02525 Harrodsburg Road No 510
IRS990/USAddress/CityNm0Lexington
IRS990/USAddress/StateAbbreviationCd0KY

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$144,242
Liabilities
$20,862
Net assets
$123,380
Revenue
$5,155
Expenses
$1,346
Net income
$3,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.10$1.45$0.33$1.14$0.81
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.01$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.00$0.00$0.00$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.00$0.00$0.79$0.79
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.09$0.79$0.00$0.01$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.09$0.80$0.00$0.36$0.36
2016Detailed filing. Detailed filing data is available for this year.$1.44$0.21$1.23$0.05$0.01$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.20$1.20$0.06$0.05$0.01
Peer Organizations

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